Gary Slater Comment On Regulatory Notice 22-08
To the FINRA Regulators,
For the Public
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To the FINRA Regulators,
I would like to freedom to invest in leveraged funds.
I have been trading Pro shares TQQQ 3x leveraged etf for years as my retirement income. Without the ability to trade this equity I would have to discontinue and go to work! Who would hire an 83 yr OLD GUY? My opinion is investors using the leveraged equity know what the are doing!!
Restricting inverse products is going to hurt small investors and traders abilities to do hedge against a volatile market. Restricting 3x ETF will limit investors ability for potentially bigger gain, limit their options to invest wisely
These Investments were considered when they came out as just that .. INVESTMENTS . To take them away from traders like me and many others would be SCANDELOUS . Traders that purchase them know Full Well that there is just as much Risk in them as there is by purchasing a Stock like Boeing .
This is communism. Markets should be free. We have too much government. This is just more intrusion to stop people from investments that can protect them from government overreach. I dont need bureaucrats making financial decisions for me because I know they dont care about my safety contrary to what they say. Its always supposed to be for your safety but it never is. Its all about power money and control by and for the politicians but they are not responsible for losses when they are wrong. They will never even admit being wrong
Obama make the comment that most Americans are too simple minded to govern themselves. It made many of us who heard it furious. The fact is you have stolen our power away from us. We dont feel that our government was supposed to get so large. Yall did it to protect yourselves from the people you work for and to cover things yall do. The tax payers are now burdened by big government and we think everyone that has been there over four years should go home without a taxpayer pension.
people like me are frustrated with these intrusive rugulations.
This rule hurts those of us who rely on Retirement plan investments.